Elevate Education, formerly known as Sunstone, has secured ₹170 crore in Series D funding from WestBridge Capital to accelerate the next phase of its growth. The investment will be used to strengthen the company's technology platform, enhance its artificial intelligence capabilities, expand its network of partner institutions and improve student success and placement outcomes as it scales its higher education platform across India.
The fundraise follows a period of business expansion during which Elevate Education significantly increased its student base, institutional partnerships and revenue, further strengthening its position as a technology-led higher education platform focused on learner outcomes and employability.
The Gurugram-based company partners with higher education institutions to deliver industry-focused undergraduate and postgraduate programmes by integrating curriculum, technology, placement support and student success initiatives. For FY27, Elevate Education expects to achieve ₹300 crore in revenue, support 25,000 active students, and partner with 22 campuses across 15 cities. The company also expects to achieve profitability during the financial year while continuing to invest in long-term growth.
The newly raised capital will primarily be deployed to deepen the company's technology and AI capabilities, expand collaborations with higher education institutions, strengthen placement outcomes and student engagement, and invest in academic innovation and industry-aligned programmes.
As part of its long-term expansion strategy, Elevate Education aims to scale its student base to 60,000 learners and expand its partner network to 40 institutions by FY29. The company also plans to integrate AI across the student lifecycle while targeting ₹600 crore in revenue by FY29, reinforcing its ambition to build one of India's leading technology-driven higher education platforms.
Ashish Munjal, Co-founder and CEO, Elevate Education, said: "India's higher education system is at an inflection point. The future of higher education will not be defined by who awards the degree, but by who delivers the best learner outcomes. As AI reshapes industries and employer expectations evolve, institutions need to continuously reinvent how students learn, build skills, and prepare for careers. At Elevate Education, our mission is to help make that transformation possible by partnering deeply with institutions and bringing technology, AI, and industry relevance into every stage of the student journey. This investment from WestBridge Capital strengthens our ability to scale responsibly, invest in innovation, and build one of India's most trusted higher education platforms."
Sandeep Singhal, Co-founder and Managing Partner, WestBridge Capital, said: "We believe Elevate Education is addressing an important opportunity in India’s education ecosystem by improving the quality and relevance of learning at scale. Ashish, Ankur and Piyush, along with the broader team, have built the company with a deep understanding of the sector, disciplined execution, and a capital-efficient approach. We believe the company is well positioned for long-term growth and are pleased to partner with them on this journey."
The company believes India's higher education sector is undergoing a significant transformation, driven by artificial intelligence, evolving employer expectations and rising demand for outcome-oriented education. Through its technology platform, institutional partnerships and AI-enabled student support ecosystem, Elevate Education aims to help institutions improve employability and prepare students for the future of work.
With the latest funding, Elevate Education plans to accelerate the expansion of its technology-led higher education ecosystem while strengthening partnerships with academic institutions across the country. The investment is expected to support the company's long-term vision of building one of India's most trusted higher education platforms by combining technology, AI and industry-relevant learning to improve career outcomes for students.
Francorp has been appointed the Master Franchise Partner for Release Co across India and Asia, marking a strategic collaboration to expand Swedish-inspired preventive healthcare and longevity clinics through a franchise-led growth model.
The partnership is aimed at scaling Release Co's presence across the region by establishing a structured franchise network focused on delivering preventive healthcare and wellness solutions. The collaboration is expected to create new opportunities for entrepreneurs and investors while supporting the expansion of specialised healthcare services in high-growth markets.
As part of the agreement, Francorp will spearhead the development of Release Co's franchise network across India and other Asian markets. The rollout will focus on bringing the brand's preventive healthcare model, including IV therapy clinics and longevity-focused wellness solutions, to a wider consumer base through an organised franchise platform.
Release Co is recognised for its Swedish expertise in preventive healthcare and wellness, offering IV therapy and longevity-focused clinical services. Through this partnership, the brand aims to strengthen its regional presence by leveraging Francorp's franchise development capabilities and market expertise.
The collaboration also reflects growing interest in preventive healthcare and wellness concepts across India and Asia, where rising consumer awareness and demand for proactive health solutions continue to drive sector growth. By combining Release Co's healthcare model with Francorp's franchise development experience, the companies aim to establish a scalable network of wellness clinics across the region.
The expansion strategy will focus on building a sustainable franchise ecosystem while increasing access to evidence based preventive healthcare services. In addition to supporting network growth, the partnership is expected to offer franchise and investment opportunities for entrepreneurs looking to enter the rapidly growing wellness and healthcare sector.
With the appointment of Francorp as its Master Franchise Partner, Release Co is set to accelerate its regional expansion, reinforcing its long-term vision of making premium preventive healthcare and longevity solutions more widely available across India and Asia through a franchise-driven business model.
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